Andhra Pradesh government announced new IT Policy to transform AP as a silicon corridor by 2020. Here are 20 things to know about the new IT policy:

  • Govt of AP is establishing Mega IT hubs in Visakhapatnam , Vijayawada , Kakinada and Ananthapuram.
  • Information Technology Investment Regions ( ITIRs ) to be set up in Tirupati and Visakhapatnam.
  • Iconic Signature Tower ( Like Cyber Towers, Hyderabad ) with 1 lakh sq.ft of office space will be developed in vizag along with 5 lakhs sq.ft IT Township.
  • Tirupati – Anantapuram IT corridor, Air connectivity with expansion of Vishakapatnam and Tirupati Airports,  24*7 power supply for IT Industry are the main infrastructural developments for IT development ahead.
  • 10 % subsidy for companies established with in two years from 2014.
  • Exemption from Labour laws, permissions for 3 shifts working.
  • Rs. 60000 incentive for every job in Mega hubs &  Rs. 40000 incentive for every job in other projects.
  • Every one acre land allotted IT company should provide a minimum of 500 jobs.
  • Mega IT projects which have potential to create more than 5,000 jobs will get 10 rupees subsidy for every sq.ft of building rent and 10 % investment subsidy, 5 lakhs Rupees Reimbursement for Patent Filing.
  • Micro, Small and Medium Enterprises MSME would get a power subsidy of 25 per cent for 3 years or 30 lakhs rupees.
  • SC,ST Women Entrepreneur will get 50 % Power subsidies for 5 years or 50 lakhs rupees.
  • 20000 rupees recurring training assistance for every job created in first 2 years of establishment of the firm, 20 % subsidy for band width charges.
  •  Exclusive and attractive incentives for IT companies setting up in Rural.
  • Single window permissions center, eBiz Portal which will work for 24*7.
  • Companies to get approval within 4 weeks. If they do not get the approval in 4 weeks, the companies can consider it as an approval and start the work.
  • All IT ITES Parks, Mega hubs, ITIR Zones will be accorded with Industrial Area Local Authority (IALA) status.
  • Upgrade in engineering courses and syllabus to develop industry ready human resources.
  • Training institute for IT in collaboration with the Fortune Companies. Credits in engineering degree for online certifications and courses.
  • Apprenticeship/ Internship mandatory for engineering students in final year.

IT parks and ITIR Zones will be developed through Public private Partnership (PPP). IT zones to be developed with Walk-to-Work, Cycle-to-Work concept.

  • Modi and I are brand ambassadors for our governments- Naidu
  • Andhra Pradesh clears mega projects
  • Sea plane tourism in Andhra Pradesh